The Coronavirus pandemic is impacting every business sector across the globe. Many new resources, however, including the new Coronavirus Aid, Relief, and Economic Security (CARES) Act, provide franchise and hospitality businesses with opportunities for relief. The following information is intended to aid franchise and hospitality companies in understanding options available to them during this time. This information should be viewed as a general guide, and companies are encouraged to seek fact-specific advice from counsel should they have additional questions.
Additional Haynes and Boone guidance on the Paycheck Protection Program can be found here.
Haynes and Boone has a COVID-19 task force in place and continues to monitor the global impact of COVID-19 on various industries, including franchise and hospitality businesses. For questions on the CARES Act or other relief programs, please contact Deborah S. Coldwell at deborah.coldwell@haynesboone.com or any member of the Haynes and Boone, LLP Franchise Practice Group.
